Full-year new-vehicle sales will likely climb for the fourth straight time, rising more than 5 percent from 2012 to hit 15.6 million units. That’s according to The Kiplinger Letter from Friday, which also projects 16.3 million new-car sales for 2014 — which would be a seven-year high. Based on what Jim Patterson, associate editor for […] [Read More]

“Half the money I spend on advertising is wasted; the trouble is I don’t know which half.” As much as those words still resonate in the automotive dealer community today, they were famously first spoken more than 130 years ago by John Wanamaker, considered the fathers of modern advertising.  In 1874, Wanamaker printed the first-ever, […] [Read More]

This September, Auto Remarketing Canada is introducing a new feature to recognize the remarketing industry’s top players. The fall Auto Remarketing Canada Digital Magazine will include the inaugural Auto Remarketing Canada Power 100. This special edition will list the most powerful companies within the remarketing and used-car industry in Canada. From auction companies to digital […] [Read More]

Fiserv’s Craig Carrow has a list of five keys to successful remarketing, four of which deal with topics like lower turn time, increased returns, lower operational costs and streamlined operational processing — all of which are fairly timeless in terms of their importance. [Read More]

With gas prices sitting above $4 in many states in the country, it seems dealers didn’t have any trouble getting used vehicles in the compact segments off their lots during the second quarter. In Q2, these segments saw some of the lowest days-to-turn rates, as well as some of the largest drops from last year’s […] [Read More]

Polk analysis confirmed what dealers likely are already seeing if they’re spending much time walking around service bays or the auction lanes nowadays. The U.S. vehicle fleet population is continuing to get older. Polk reported today that the average age of all units on the road now stands at a record high of 11.4 years. […] [Read More]

Ally Financial announced on Monday that it will introduce the first of several new ads in August that showcase diverse dealers. The company highlighted the ads are the latest addition to Ally’s “Success Stories” campaign, which celebrates the dealers and their leadership in the communities they serve. Josefina Hooker of Freedom Buick-GMC in Odessa, Texas […] [Read More]

It might sound like a broken record, but four of the first five used models researched the most on Kelley Blue Book’s website last month came from either Honda or Toyota. Pacing the consumer activity at KBB.com last month was the Honda Civic, followed by its midsize sibling, the Accord at No. 2. Coming in […] [Read More]

The mid-year Automotive Franchise Activity Report from Urban Science showed that as the number of franchised dealerships has fallen slightly this year, average new-vehicle sales per dealership are up. But the increases are not expected to continue. Auto Remarketing asked John Frith, vice president at Urban Science, why he thinks this year’s throughput levels — […] [Read More]

Hybrid and electric vehicle values are falling faster than any other segment, even though fuel prices remain above $4 per gallon in many states According to Kelley Blue Book’s latest Blue Book Market Report, hybrid and electric vehicle value declined exceeded 3 percent in July, topping the charts for depreciation this past month. Alec Gutierrez, […] [Read More]